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please be urgent A business form started trading on 1st January in year 2020. On 1st April, it bought a new motor vehicle costing Ksh

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A business form started trading on 1st January in year 2020. On 1st April, it bought a new motor vehicle costing Ksh 800,000 and later on 1st July it bought another motor vehicle costing Ksh 1,100,000 The financial year for the business ends on 31" December 2020 and it has a policy of depreciating motor vehicles at 20% pa using straight line basis Required (3 marks each) Motor vehicle account as at 31st December 2020 1. Provision for depreciation account as at 31st December 2020 ili. Income statement extract for year ending 31st December 2020 b. Organisations prepare bank reconciliations on a monthly basis. State any three important this is impotant to the management smarks)

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